SGBX Technical Analysis - SAFE & GREEN HOLDINGS CORP

Technical Rating and Analysis

Overall SGBX gets a technical rating of 0 out of 10. SGBX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, SGBX is a bad performer in the overall market: 100% of all stocks are doing better.

SGBX is part of the Construction & Engineering industry. There are 54 other stocks in this industry, of which 71% are performing better than SGBX.

SGBX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

SGBX has an average volume of 35997000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month SGBX has a been trading in the 3.00 - 10.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SAFE & GREEN HOLDINGS CORP / SGBX Weekly stock chart

SAFE & GREEN HOLDINGS CORP / SGBX Daily stock chart

Setup Rating and Analysis

The technical rating of SGBX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.96

9.91

We can see 2 important resistance areas.

A resistance zone ranging from 6.23 to 6.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @9.81 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for SGBX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SGBX is down.
ChartMill Relative Strength	0.29	NEGATIVE	SGBX has a low relative strength, it was outperformed by 99.71% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SGBX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SGBX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SGBX is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.7	NEUTRAL	The RSI value for SGBX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.27	POSITIVE	The MACD value suggests SGBX has a positive trend.
Stochastics (14,3)	20.4	NEUTRAL	The Stochastics value for SGBX is a neutral value.
Average True Range in percent/ATR (20)	18.06	HIGH VOLATILITY	The high ATR as a percentage value for SGBX suggests high volalility.
Average Directional Index/ADX (14)	18.83	NEGATIVE	The low ADX value for SGBX suggests a weak or negative trend.